GMT experiences a significant bullish surge after breaking key resistance: What do the technical data indicate?

Starting Point: GMT Recovers Momentum After Months of Stagnation

After a prolonged period of sideways consolidation, GMT has finally unleashed a vigorous recovery that has surprised many market observers. In the first weeks of 2026, the token has recorded gains exceeding 40% on a weekly timeframe, marking a significant shift in price dynamics.

This resurgence has been accompanied by an extraordinary increase in trading activity. The 24-hour trading volume surged over 1,000%, reaching $326.49 million, reflecting massive participation from both retail and institutional investors. Currently, GMT is trading around $0.02, showing positive figures on the daily chart.

Technical Structure Reveals Bullish Patterns Taking Shape

Examining the price action in greater detail, GMT has managed to break out of a consolidation range that had persisted for weeks, culminating in that explosive 40% move. Most notably, the token is forming a series of higher highs accompanied by higher lows, a classic pattern indicating progressive strengthening of buyers.

The exponential moving averages (EMAs) paint a favorable technical picture. The 20-period EMA has started to turn upward after its previous sideways periods, while the 50-period EMA acts as a dynamic support level during minor pullbacks. The critical condition is to keep the price above both moving averages to preserve the integrity of the ongoing bullish trend.

However, there is a longer-term barrier: the 100-period EMA remains positioned above the current quote, acting as an intermediate resistance to be reached. Previously, GMT was moving within a descending channel lasting several months, so the real challenge will be whether the token can consolidate above these historical levels.

Indicators Confirm Sentiment Shift

Key technical indicators are sending signals that support the bullish narrative. The Relative Strength Index (RSI) has moved into overbought territory, reaffirming strong buying momentum in action. Simultaneously, the Capital Flow Indicator (CMF) has crossed into positive territory, demonstrating a steady inflow of new money into GMT.

On the derivatives side, liquidation data reveal interesting market dynamics. In the last 24 hours, short positions worth approximately $1.55 million were liquidated, compared to only $355,000 of long positions closed. This imbalance toward short liquidations typically confirms bullish pressure in the futures market.

The Open Interest (Open Interest) in GMT contracts experienced a colossal jump of over 245%, reaching $55.08 million. This dramatic increase indicates traders are taking large directional bets, particularly positioning on the long side, aligning with the observed bullish movement in spot.

Technical Scenarios and Next Targets

If the positive momentum maintains its traction in the coming sessions, there is a considerable probability that GMT will break the resistance barrier at $0.02600. Once this level is surpassed, the token could continue climbing toward more ambitious targets at $0.0300 and subsequently $0.03600, assuming technical conditions and volume remain favorable.

The key for this scenario to materialize will be that the price does not retrace below the short-term EMAs that currently support the move. As long as these moving averages remain as an effective floor, the chart structure suggests the rally will continue as the most probable baseline scenario.